RECOMMENDED ARTICLES| In July 2008 Nobel laureate Paul Krugman wrote that Fannie Mae and Freddie Mac (the GSEs) "didn't do any subprime lending, because they can't: the definition of a subprime loan is precisely a loan that doesn't meet the... more ›› |
| Consider, for a moment, a tale of two countries. Both have suffered a severe recession and lost jobs as a result — but not on the same scale. In Country A, employment has fallen more than 5 percent, and the unemployment... more ›› |
| International travel by world leaders is mainly about making symbolic gestures. Nobody expects President Obama to come back from China with major new agreements, on economic policy or anything else.
Paul Krugman
But let’s... more ›› |
| Earlier this week, the inspector general for the Troubled Asset Relief Program, a k a, the bank bailout fund, released his report on the 2008 rescue of the American International Group, the insurer. The gist of the report is that... more ›› |
| "Money is nothing but a medium of exchange..." - Ludwig Von Mises, The Theory of Money and Credit, p. 31
By John TamnyPresident Obama's arrival in China has predictably generated all manner of commentary about the economic... more ›› |
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